AlphaServ.com Finalizes Agreement to Sell Managed Services and Proprietary Hardware Business Divisions.Business Editors and High-Tech Writers SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Feb. 1, 2000 Company To Focus on Expanding its Internet and Professional IT Services Divisions AlphaServ.com (Nasdaq:ALMI ALMI Application Level Multicast Infrastructure ALMI Automated Listing and Mapping Instrument (US Census Bureau) ), Tuesday announced that it has completed the transaction with California-based R. E. Mahmarian Enterprises LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (&uot;REM&uot;) for the sale of its managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality division, which includes its proprietary hardware manufacturing group, on substantially the terms described in the company's news release issued on Jan. 4, 2000. As previously announced, REM will have use of the Alpha Microsystems Alpha Microsystems is a computer company founded in 1977 by Dick Wilcox and Bob Hitchcock. The first Alpha Micro computer was based upon the WD16 microprocessor chip from Western Digital. name, in addition to all trade names, logos and trademarks associated with the acquired businesses. &uot;The finalization of this transaction signifies the consummation of our strategic business plan to focus on our two highest potential businesses -- the Internet technology division and the IT professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. group,&uot; said Douglas J. Tullio, AlphaServ.com's chairman, chief executive officer and president. &uot;We can now concentrate on expanding the sales and marketing efforts of our Internet division, soon to be operating under the name, NQL NQL Network Quality Lab (Intel Corporation) NQL Not Quite Legal NQL Network Query Language Solutions Inc.,&uot; continued Tullio. &uot;We plan on growing our technical development group within this division as well as identifying and evaluating potential strategic partnership opportunities. Our recent announcement of the NQL Virtual VCR VCR: see videocassette recorder. VCR in full videocassette recorder Electromechanical device that records, stores on a videotape cassette, and plays back on a TV set recorded images and sound. function and the availability of our Network Query Language A generalized language that allows a user to select records from a database. It uses a command language, menu-driven method or a query by example (QBE) format for expressing the matching condition. (NQL) on the wireless Palm Computing platform See platform. has been very well received and we plan to take a more aggressive approach in the Internet market.&uot; &uot;The completion of this transaction also enables us to now focus on growing our professional services division through the expansion of services to customers primarily in the vertical markets in which we specialize, such as the major accounting firms, financial institutions, hospitals and pharmaceutical companies located in the northeastern U.S.&uot; Tullio added, &uot;At the same time, we will continue pursuing strategic acquisitions in this area to further enhance our professional services offering and increase our market share.&uot; About AlphaServ.com AlphaServ.com, the d.b.a. name for Alpha Microsystems, is a premier provider of professional services to the IT marketplace. The company's services include Internet and intranet consulting and networking as well as onsite network support for customers primarily located in the northeastern United States. For more information, visit the company's Web site at www.alphaserv.com. The Internet division of AlphaServ.com, which will be marketing its technologies under the NQL Solutions name, is the premier provider of intelligent agent technologies to the global marketplace. This division develops and deploys enabling software technologies based on its Network Query Language to partner systems integrators that create information solutions for today's e-businesses, as well as to organizations developing software applications and Internet services. For more information, visit www.NQLsolutions.com or call 888/785-3370. Certain statements in this news release, including statements regarding the company's plans to grow its technical development group, to take a more aggressive approach in the Internet market and to continue pursuing acquisitions to further enhance its professional services offering and increase its market share, are &uot;forward-looking statements&uot; within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks and uncertainties, including (i) the company's ability to identify and fund acquisitions in the professional services area (ii) the company's ability to fund and retain the necessary personnel to continue technical development in the Internet division (iii) the ability of the company to identify and obtain additional funding for its NQL Solutions subsidiary and other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. |
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